VERY PROFITABLE HOTEL INVESTMENT IN BC
- 62 room Limited-service lodging facility which was opened in June 2013 opened and expanded & renovated in May 2014 with 1.6 Acres(69,600735sq. ft has restaurant, lounge, and a vending area.
- REVENUE( Year end March) :3Year average : $2,959,106
2017)$3,104,726(Room:$2,070,562, Restaurant : $1,034,614)
2016)$3,113,877(Room:$2,017,251, Restaurant : $1,096,626)
2015)$2,658,714(Room:$1,647,731, Restaurant : $664,228)
- NET OPERATING INCOME: 3 year average : $1,052,707
2017:$1,173,789, 2016 : $1,141,018, 2015 : $843,314
. The district municipality is included in the regional district of xxxxxxx-xxxxxx. The xxxxxxx-xxxxxx region is the largest land area within British Columbia, but it has the smallest population. According to census data, the town’s population increased to 2,278 in 2011 from 1,876 in 2006, an increase of approximately 21%. The municipality forecasts that xxxxxxxs’ population in 2016 was around 4,500, nearly doubling since 2011. The surge in population can be attributed to the investment and growth that the area has seen.
xxxxxxxxx has a resource-based economy that has diversified over the years into the industries of forestry, mining, agriculture, tourism, and, most recently, bio- energy. As a result of the industrial activity in the surrounding area, the town prospers from high rates of employment and through-traffic. Given the resource- dependent economy, however, the small municipality of xxxxxxx is highly affected by shifts in the forestry and mining sectors.
As of 2011, the manufacturing sector mainly in forestry goods was the largest source of employment in xxxxxxxx accounting for 27% of the employed workforce. Retail trade was the second-largest employer, accounting for 16% of employed positions in the area. Agriculture and public administration each employ 8% of the employed workforce.
The xxxxxxxxx Mine, located just 90 minutes from xxxxx, is a major source of employment in the region. Excluding contractors and ancillary services, the mine employs 400 workers, at least 60% of whom are estimated to be hired from communities within the region. The mine entails a conventional open-pit copper and gold mine and a concentrator with a 60,000-tpd-design-capacity processing plant. xxxxxxxx Mine was commissioned in 2013 and has an estimated mine life of 22 years.
The LNG sector is expected to become a major contributor to the area’s growth and development, as the xxxxxxxxx municipality is within the social impact area of five of the province’s proposed LNG projects, namely the Prince Rupert Gas Transmission Project, the Westcoast Connector Gas Transmission Project, the Coastal Gaslink Pipeline, the Pacific Northern Gas Pipeline, and the Pacific Trail Pipeline.
Overall,xxxxxxxx is benefitting from industry investments and projects taking place in the area. The biomass project will be the first to become operational, as a part of four biomass facilities outlined by BC Hydro. As a result of this activity, the town is seeing growth in the number of people passing through.